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ICBA Response to the CFPB’s Outline of Proposals for 1071

ICBA Response to the CFPB’s Outline of Proposals for 1071 The Independent Community Bankers of America welcomes the opportunity to comment on the Consumer Financial Protection Bureau’s Outline of...

Dec 14, 2020
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Article
Commerce & Banking

FDIC board meeting on ILC parent companies, brokered deposits

FDIC board meeting on ILC parent companies, brokered deposits The FDIC board of directors is set to meet tomorrow to vote on a final rule to codify its capital, liquidity and source-of-strength...

Dec 14, 2020
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Article
Lending

CFPB finalizes QM reforms

CFPB finalizes QM reforms The Consumer Financial Protection Bureau finalized rules addressing the pending expiration of the "GSE Patch," which exempts Fannie Mae and Freddie Mac mortgage loans from...

Dec 11, 2020
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Article
Compliance

Senate vote on 'beneficial owner' reform as soon as today

Senate vote on 'beneficial owner' reform as soon as today The Senate is expected to vote as soon as today on a compromise defense spending bill that includes a key step toward ICBA-advocated relief...

Dec 11, 2020
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Article
Bank Secrecy Act/Anti-Money Laundering Act (BSA/AML)

Bipartisan stimulus proposal includes ICBA priorities

Bipartisan stimulus proposal includes ICBA priorities Draft proposed legislation released by a bipartisan group of lawmakers includes ICBA-advocated stimulus priorities. Draft proposed legislation...

Dec 15, 2020
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Article
Advocacy Crisis Preparedness Lending

Romero Rainey: Act now on stimulus push

Romero Rainey: Act now on stimulus push ICBA President and CEO Rebeca Romero Rainey called on community bankers to make a final push for Congress to pass an economic relief package with key...

Dec 15, 2020
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Article
Advocacy Crisis Preparedness Lending

ICBA, state groups continue push for EIDL fix

ICBA, state groups continue push for EIDL fix ICBA and 44 state community banking associations called on Congress to fully forgive Economic Injury Disaster Loan Advances for recipients who also...

Dec 14, 2020
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Article
Advocacy Crisis Preparedness Lending

McWilliams touts "continuous engagement" oversight approach

McWilliams touts "continuous engagement" oversight approach More regular and informal meetings between banks and regulators to discuss operations and emerging risks could reduce the need for...

Dec 14, 2020
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Article
Regulatory Relief